皇冠体育app

BEIJING -- US oil giant ConocoPhillips announced on Sept 7 that it will establish a fund to help it handle its responsibilities regarding oil spills that occurred in North 皇冠体育app's Bohai Bay.

The fund will be designed to address ConocoPhillips' responsibilities in accordance with the relevant laws of 皇冠体育app and to benefit the general environment of Bohai Bay, ConocoPhillips said in a statement on its website.

The ConocoPhillips statement came amid growing public outcry in 皇冠体育app several days after 皇冠体育app's maritime authority ordered ConocoPhillips 皇冠体育app to suspend its operations in the bay's Penglai 19-3 oilfield because of continued oil leaks.

ConocoPhillips did not mention the size of the fund in its statement.

ConocoPhillips 皇冠体育app has been accused of deceptively announcing that it had finished cleaning up the oil spills, contrary to evidence uncovered by the State Oceanic Administration (SOA). The company is facing lawsuits demanding compensation for those affected by the spills.

"ConocoPhillips deeply regrets these incidents and apologizes for the impact that the incidents have had on the Chinese people and the environment," said James J. Mulva, chairman and chief executive officer of Houston-based ConocoPhillips.

ConocoPhillips 皇冠体育app will seek to work with relevant Chinese authorities and its business partner, the 皇冠体育app National Offshore Oil Corp (CNOOC), regarding the establishment and operation of the fund, the statement said.